ARKK is following similar price action in forming tests of support for new highs.
This current pull back is slightly expedited and showing an increase in volatility than trends in the past. (I believe this has been due to the uncertainty we saw leading up to unemployment rate releases and uncertainty in the overall market).
Considering this, I wouldn't see it completely out of the question to see price pull back below the .618 extension and test the perceived .382 line as support.
From there I see ARKK making new highs with a price target above $166 (1.0 extension) after claiming the perceived .618 ascending extension line as support.
Stop loss can be adjusted up to just below the most previous ascending line found as support.
**Not financial advice, these are just my opinions
This current pull back is slightly expedited and showing an increase in volatility than trends in the past. (I believe this has been due to the uncertainty we saw leading up to unemployment rate releases and uncertainty in the overall market).
Considering this, I wouldn't see it completely out of the question to see price pull back below the .618 extension and test the perceived .382 line as support.
From there I see ARKK making new highs with a price target above $166 (1.0 extension) after claiming the perceived .618 ascending extension line as support.
Stop loss can be adjusted up to just below the most previous ascending line found as support.
**Not financial advice, these are just my opinions
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。